Currencies and grain trading


11 May 1998


Currencies and grain trading


Monday, 11 May, 1998

  • £1=DM2.895/FFr9.7/$1.637

  • French FOB spot wheat value: FFr 735 (£ 75.20)

  • Chicago July wheat at close: $3.09 (£ 69.27)



THE continued weakness of Sterling pushed futures higher once again and, with nervous consumers constantly looking to secure grain, it appears underpinned at these levels. OSR is moving ever upwards, with old-crop valued at £190 ex-farm and new-crop trading around £170 ex-farm for November.





Prices at Fridays
wheat futures close:


MONTH Close Change
MAY 78.25 + 1.10
JULY 80.25 + 1.00
SEP 78.40 + 0.60
NOV 80.40 + 0.60
JAN 82.40 + 0.60
MAR 84.40 + 0.60

    Approximate commodity
    values, £/ tonne, ex-farm:





    May Class 1 milling113
    May feed wheat72
    May feed barley70/72
    Harvest feed wheat70




  • Information provided by BDR Agriculture Ltd, Harvest House, 64 North Street, Bourne, Lincolnshire PE10 9AJ – click here for further details

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